Pegasystems Inc. filings document regulatory disclosures for a Massachusetts software company whose business centers on AI-powered enterprise transformation, workflow automation, customer engagement, and legacy-system modernization. Current 8-K reports record quarterly and annual financial results, Pega Cloud and Annual Contract Value metrics, share repurchase authorization updates, exit and disposal activity costs, and litigation-related events.
Proxy materials disclose board matters, executive compensation, equity awards, pay-versus-performance data, and shareholder voting items. Other current reports describe executive incentive compensation plans and governance actions tied to the company's operating and capital-allocation framework.
PEGASYSTEMS INC (PEGA) reported that Director Christopher LaFond received equity awards as compensation for his annual board term. He acquired 3,868 shares of unrestricted common stock and a fully vested non-statutory stock option for 7,947 shares at an exercise price of $32.32 per share, expiring on August 15, 2036. Following these awards, he directly holds 25,548 shares of common stock.
PEGASYSTEMS INC (PEGA) director Richard H. Jones reported compensation-related equity awards. On 2026-08-15 he received 3,868 shares of unrestricted common stock as consideration for his annual director service and a fully vested non-statutory stock option for 7,947 shares at an exercise price of $32.32, expiring 2036-08-15. The filing also lists indirect holdings of common stock through several family trusts.
PEGASYSTEMS INC (PEGA) reported that Director Peter Gyenes received equity compensation for his annual board term. He was granted 3,868 shares of unrestricted common stock and a fully vested non-statutory stock option for 7,947 shares of common stock at an exercise price of $32.32 per share, expiring on 2036-08-15. Following these grants, he directly holds 30,586 shares of common stock.
PEGASYSTEMS INC (PEGA) reported equity compensation grants to Director Rohit Ghai. He received 3,868 shares of unrestricted common stock as consideration for his annual board service, bringing his direct common stock holdings to 7,266 shares after the transaction.
He was also granted a fully vested, non-statutory stock option for 7,947 shares of common stock at an exercise price of $32.32 per share, expiring on August 15, 2036. This option grant is also compensation for his annual director term, and he now directly holds 7,947 options.
Pegasystems Inc. executive Kenneth Stillwell, the COO and CFO, reported a set of option-related transactions in company stock. He exercised 25,920 stock options at an exercise price of $16.95 per share, receiving an equivalent number of common shares. On the same date, 18,292 common shares were delivered or withheld to pay the exercise price or tax liability at $32.93 per share. The option series being exercised vests in 16 equal quarterly installments over four years beginning on the stated exercisable date. In addition, 1,908 common shares are reported as held indirectly for the reporting person’s children.
Pegasystems Inc senior vice president and chief accounting officer Efstathios A. Kouninis reported two open-market sales of common stock. On August 7, 2026 he sold 860 shares at $32.30 per share, and on August 10, 2026 he sold another 860 shares at $33.10 per share, for total reported sales of 1,720 shares. The transactions were reported as directly owned and not made under a Rule 10b5-1 trading plan.
Pegasystems Inc. insider Efstathios A. Kouninis filed a notice of proposed sale of 860 shares of common stock through Morgan Stanley Smith Barney LLC, with an aggregate market value of $28,466.00, to be sold on or after 08/10/2026 on NASDAQ. The shares relate to restricted stock vesting under a registered plan, and the filing also lists recent sales of common stock over the prior three months.
Shareholder Efstathios A. Kouninis filed a Form 144 covering a proposed sale of 860 shares of PEGA common stock through Morgan Stanley Smith Barney LLC Executive Financial Services on NASDAQ, with an expected sale date of August 7, 2026.
The filing also lists restricted stock vesting under a registered plan totaling 860 shares across four dates in 2026, and reports prior open-market sales of 750 shares each on May 29, June 1, and June 16, 2026, including corresponding dollar amounts.
Pegasystems Inc. reported second-quarter 2026 results with total revenue of $420.7M, up 9% year over year. Subscription revenue contributed 88% of total, driven by Pega Cloud revenue of $213.9M, up 28%. However, GAAP net income declined to $13.3M from $30.1M, while non-GAAP net income rose to $59.5M, up 19%, reflecting higher adjustments including legal fees and stock-based compensation.
For the first half of 2026, revenue was $850.7M, slightly below 2025, but cash flow from operations reached $298.2M and free cash flow $288.3M, both modestly higher. Management highlighted “record first-half cash flow” and significant capital returned to shareholders, consistent with $349.0M of cash used in financing activities. Pega Cloud Annual Contract Value grew 22% to $926.3M, and total ACV increased 7%, while backlog rose 10% to $2.0B. The company noted that unprecedented changes in the AI market have caused clients to delay purchasing decisions, significantly slowing ACV growth in 2026 and potentially pressuring growth for the rest of the year.